Rambus (RMBS) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.44 per share a year ago.
Rambus Inc. (RMBS) Q2 2024 Earnings Call Transcript
Here is a sneak peek into how semiconductor stocks like Amkor technology (AMKR), Rambus (RMBS), On Semiconductor (ON) and Lattice Semiconductor (LSCC) are poised ahead of their second-quarter 2024 results.
Rambus has been hovering around my price point for a while now. A revisit to the financials is in order. Strong financial position and ever-growing demand for AI-capable products are going to drive acceleration to the top line. Therefore, I'm upgrading to buy, as I'm impressed with the progress and outlook of the company.
Dividend yield is 4.19% and sustainable over the short-medium term. Challenges include stagnant loan portfolio growth, high cost of funds, and unrealized losses in AFS securities. Strategies to address challenges include repricing CDs, buying new AFS securities, and focusing on TBV per share growth.